any material information, such as drilling success, needs to be disclosed to market and appropriate valuations conducted.
Personally, i do not like single figure valuations for resource companies in this situation. I prefer to see a range, which includes low middle and high.
People can then make a decision based on their appetite for risk, knowing full well the risk/reward equation. That is my key criticism of the NWE bored.
The pressure is on MIN to get 80% - otherwise there will be a lot of pissed people with big tax bills. To do this, the offer will need to remain open. If we resist long enough, we will see the drills and the riches they will reveal.
DYOR. NOT investment advice.
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